New Mountain Finance Co. (NASDAQ:NMFC) CEO Robert Hamwee Buys 20,000 Shares

New Mountain Finance Co. (NASDAQ:NMFCGet Rating) CEO Robert Hamwee bought 20,000 shares of New Mountain Finance stock in a transaction that occurred on Wednesday, June 15th. The stock was purchased at an average cost of $11.63 per share, with a total value of $232,600.00. Following the completion of the acquisition, the chief executive officer now directly owns 514,584 shares in the company, valued at approximately $5,984,611.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

New Mountain Finance stock traded up $0.26 during midday trading on Friday, hitting $11.46. The stock had a trading volume of 1,581,956 shares, compared to its average volume of 381,344. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 1.42. New Mountain Finance Co. has a 52-week low of $11.09 and a 52-week high of $14.11. The firm’s fifty day moving average is $13.02 and its two-hundred day moving average is $13.36. The company has a market capitalization of $1.15 billion, a PE ratio of 6.36 and a beta of 1.24.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 10.47%. The ex-dividend date is Wednesday, June 15th. New Mountain Finance’s dividend payout ratio (DPR) is currently 68.18%.

Separately, Hovde Group reduced their target price on shares of New Mountain Finance to $12.50 in a report on Friday, May 20th.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC purchased a new stake in New Mountain Finance during the 4th quarter valued at approximately $42,510,000. Round Table Services LLC boosted its position in shares of New Mountain Finance by 7.6% during the 1st quarter. Round Table Services LLC now owns 2,976,086 shares of the company’s stock valued at $41,219,000 after acquiring an additional 209,532 shares during the last quarter. LSV Asset Management boosted its position in shares of New Mountain Finance by 2.1% during the 1st quarter. LSV Asset Management now owns 2,098,498 shares of the company’s stock valued at $29,064,000 after acquiring an additional 43,500 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of New Mountain Finance by 45.7% during the 1st quarter. Van ECK Associates Corp now owns 2,087,012 shares of the company’s stock valued at $28,905,000 after acquiring an additional 654,394 shares during the last quarter. Finally, Cliffwater LLC boosted its position in shares of New Mountain Finance by 12.1% during the 1st quarter. Cliffwater LLC now owns 1,204,821 shares of the company’s stock valued at $16,687,000 after acquiring an additional 129,653 shares during the last quarter. 30.15% of the stock is owned by institutional investors and hedge funds.

About New Mountain Finance (Get Rating)

New Mountain Finance Corporation (Nasdaq: NMFC), a business development company is a private equity / buyouts and loan fund specializes in directly investing and lending to middle market companies in defensive growth industries. The fund prefers investing in buyout and middle market companies. It also makes investments in debt securities at all levels of the capital structure including first and second lien debt, unsecured notes and mezzanine securities.

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